Vapor Group Inc (VPOR)

[CashBowski]

Stew, their $1.2M salary is booked once a year -- I think you were thinking it's booked quarterly? If you look at my posts I think I mentioned it a couple times in the spirit of fairness lol.

Whether it was a mistake or removed after backlash, which I'm leaning to the latter... it's troubling that we had to bring it up to their attention before it was corrected.

I don't expect anyone to work for free, so they're absolutely entitled to fair comps, however, Dror and Yaniv's compensation is obscene for a company that's averaging around $50k in revenues in a quarter!

Their base salary (~$100,000/mo) has been solely financed by convertible debt. Their salary and billions in preferred shares is on par with a company that generates well over $100M revenues since executive compensation is paid relative to equity interest -- their base compensation is 200% of what they generate in sales PLUS equity interest -- that's beyond obscene!

An average CEO makes $186,000 per year, and you can bet they generate more than that in a quarter in sales.

What's even more troubling about this particular report...

How does your CFO Jorge Scholnik make a $1.2M mistake unnoticed -- meanwhile the CEO doesn't bother to look at the line item and wonder...

WTF Jorge -- that's a huge loss! Can you explain how we racked up $2M in losses for the quarter, and why is it noted that I'm being paid ~$600k when I've had to live on peanut butter and jelly (according to a SH)?

The CEO and CFO both have to certify those financials, so it went through 2 sets of eyes before issued and neither one of the two were bothered by the fact that there were over $2M in losses for the quarter.